Bye Bye, Rs 2,000 Note! | Is This Decision A Black Money Strike Or Just Disruption? |Newshour Debate

In this episode of The Newshour Debate, host Madhavdas Gopalakrishnan will discuss how 2,000 notes will be removed from circulation, according to the central bank, and can be exchanged or deposited in bank accounts by September 30. Starting on May 23, the 19 regional offices of the Reserve Bank of India (RBI) and other institutions would accept Rs 2,000 notes in exchange for notes of lesser denomination. According to the RBI, they will continue to be accepted as legal money. All banks have been instructed by the RBI to stop printing the 2,000 note right away. Following the sudden abolition of high-value notes of 1,000 and 500 rupees by Prime Minister Narendra Modi in November 2016, the RBI began issuing the 2,000 rupee note. Once banknotes in different denominations were widely accessible, the goal of introducing 2,000 banknotes was achieved. As a result, the production of 2000-euro banknotes was discontinued in 2018–19, according to a statement from the RBI. We are joined by a few panelists expressing their views on this issue. “This is a calibrated withdrawal by RBI. At present Rs2000 notes constitute only 1.6% of total notes in circulation,” stated Sanju Verma, BJP.
Listen In!
#reservebankofindia #centralbank #legalmoney #2000rupeenotehalted #timesnowshow #thenewshourdebate #madhavdasgopalakrishnan

Times Now - Times Now News channel examines news with in-depth analysis. We provide much more than the latest news and breaking news of the day. Times Network houses upscale television channels.

Times Network takes the lead with its ground-breaking innovation and disruption of a new content category. The Times Network channels, which have a global footprint in 100 countries, inform, entertain, and engage viewers of all ages with fascinating and intriguing content, news, and information.

Subscribe to our channel - https://bit.ly/SubscribeToTimesNow
Check out our website: https://www.timesnownews.com
Times Now News App : https://bit.ly/3AD5qqN
Connect with us on our social media handles:
Facebook:   / timesnow  
Twitter:   / timesnow  
Instagram:   / timesnow  

Subscribe to our other network channels:
Times Now Navbharat: https://bit.ly/SubscribeToTNNavbharat
Zoom: https://bit.ly/SubscribeToZoom
Mirror Now: https://bit.ly/SubscribeToMirrorNow
ET Now: https://bit.ly/SubscribeToETNow
TN+: https://bit.ly/SubscribeToTNPlus

Pushed via Slike